HRTech Startup Keka secures $57Mn From WestBridge Capital - Start-Up Hyderabad
Loading Startup Hyderabad

HRTech Startup Keka secures $57Mn From WestBridge Capital

 2 weeks ago    

Raising India’s largest SaaS Series A funding round yet, Keka secured $57Mn from WestBridge Capital on 9th November 2022. With a vision to build a world-class product in India, Keka will be pushing these funds toward R&D.

Keka secures $57Mn

What began in 2016, bootstrapped by Vijay Yalamanchili has finally secured funding putting Keka on a new journey. Keka is an employee-centric HR platform that intends to simplify HR processes such as payroll, recruiting, leave and attendance, and performance management. Targeting SMEs with a headcount between 50 and 2,000, Keka also lets businesses track employee data and gain insights.

Another Hyderabad-based HR Tech Unicorn You Should Read About- DarwinBox Secures $4Mn from Microsoft

In 2021, Keka crossed the 5500-customer landmark, and today generates a payroll of more than 1.5 million employees every month. Apart from automating HR functions, Keka aims to redefine the employee experience through its automation-driven HRMS platform. Keka has a customer base across various sectors, including IT services, pharmaceuticals, manufacturing, professional service organizations, accounting, taxation, and fin-tech.

Vijay Yalamanchili, CEO of Keka, said, “Business today means serving both customers and employees. While there have been plenty of tools to cover the customer experience, employee experience has taken a back seat. Businesses can no longer afford to do that. We want to help organizations focus better on their core asset – the employees.”

Having been bootstrapped until 2022, Vijay believes this funding round has come at the right time. These funds will go primarily towards R&D and expanding the engineering, product, and customer success teams. In the press release, Vijay counts WestBridge as the right investor with a long-term vision in the HR Tech space, he says; “Moreover, it was not just about securing funding, but also a validation of the startup’s ideas and approach in a world where many funded businesses are struggling to survive.”

Rishit Desai, Principal at Westbridge Capital, said, “We align with Keka’s vision to build the best mid-market-focused global HR Tech Platform that will allow companies around the world to modernize their HR processes. We are very excited about Keka’s potential and look forward to a long partnership with the company.”

Comments

comments

Rituka M

I am an avid reader and have a passion for writing. Being a law student coming from a commerce background, I have a flair for learning about the dynamic legal and business fraternity, as well as becoming an entrepreneur myself. Innovation, creativity, and hard work are the sole drivers to growth and is my mantra for life.

OUR BLOGGERS

  • Saritha Keshamoni

    Saritha Keshamoni

  • Rituka M

    Rituka M

  • Ramya Sayaboni

    Ramya Sayaboni

  • Bhavitaavya Dharanikota

    Bhavitaavya Dharanikota

  • Sruthi Malla

    Sruthi Malla

  • Tata Teja

    Tata Teja

  • Ruchika Agarwal

    Ruchika Agarwal

  • Neeha Jayaram

    Neeha Jayaram

  • Avatar

    Sameeksha Bansal

  • Rahul Das

    Rahul Das

  • Shravani Maddirala

    Shravani Maddirala

  • Saloni Anand

    Saloni Anand

  • Avatar

    Madhureema RoyMoulik

  • Srinivas Aki

    Srinivas Aki

  • Dhivya

    Dhivya

  • Soumalya Chakraborty

    Soumalya Chakraborty

  • Sravya Gowrisetty

    Sravya Gowrisetty

  • Monika Guwalani

    Monika Guwalani

  • Ramesh Loganathan

    Ramesh Loganathan

  • Nischala Agnihotri

    Nischala Agnihotri

  • Varun Rastogi

    Varun Rastogi

  • Harshita Goel

    Harshita Goel

  • Nikita Kiran

    Nikita Kiran

  • Avatar

    Ankur Mehta

  • Neha Mohsin

    Neha Mohsin

  • Maddy Anand

    Maddy Anand

  • Ayyappa Nagubandi

    Ayyappa Nagubandi

  • Chandra Mouli Koduri

    Chandra Mouli Koduri

  • Divya Jyothi

    Divya Jyothi

  • Saptarshi Roy Chaudhury

    Saptarshi Roy Chaudhury

  • Ayushi Pandey

    Ayushi Pandey

  • Avatar

    Surya Vallae

  • Amita Sood

    Amita Sood

  • Gunajit Haloi

    Gunajit Haloi

  • Ravi Vaka

    Ravi Vaka

  • Avatar

    Manoj Surya

  • Priyanka Mechineni

    Priyanka Mechineni

  • Sreekar Reddy

    Sreekar Reddy

  • Ambika Asta

    Ambika Asta

  • Avatar

    Anish Tadimarri

  • Vana Korrapati

    Vana Korrapati

  • Avatar

    Vineel Reddy Pindi

  • Vinita Surana

    Vinita Surana

  • GR Reddy

    GR Reddy

image title here

Some title